Orca Petroleum Inc.
TSX VENTURE : OPI

Orca Petroleum Inc.

April 05, 2006 20:54 ET

ORCA Take Over Target Receives Second Notice From Placer Dome

CALGARY, ALBERTA--(CCNMatthews - April 5, 2006) - ORCA Petroleum Inc. (TSX VENTURE:OPI) (the "Company" or "Orca"). John Brogan, a director of the Company, is pleased to announce that Nautilus Minerals Corporation Limited ("NMC") has received notice from Placer Dome Oceania Limited ("Placer Dome") that Placer Dome wishes to proceed with the Joint Venture contemplated in the Farm-In Agreement that the parties entered into in October 2004. Discussions are underway between representatives of NMC and Placer Dome concerning the terms under which the parties will move forward.

As previously announced on August 2, 2005, Orca has entered into an agreement with the shareholders of NMC and Nautilus Minerals Oceania Limited to purchase all of the issued securities of both companies in exchange for securities of Orca. The TSX Venture Exchange has granted conditional approval to the acquisitions, subject to receipt of all required shareholder approvals at the meeting to be held on April 6, 2006.

The acquisitions are part of a reorganization of the affairs of Orca that are described in the Information Circular of the Company dated February 28, 2006 and available on www.sedar.com. The reorganization is expected to be completed prior to the end of this month at which time the Company's shares will be reinstated for trading.

ON BEHALF OF ORCA PETROLEUM INC.

"John Brogan"

Chairman

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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